EghtesadOnline: Total market capitalization of four bourses in Iran reached 35,215 trillion rials ($220 billion) in mid- April.
The figure was 26,149 trillion rials ($163 billion) a month earlier, indicating that the cap grew 34.67% in one month, according to the Securities and Exchange Organization data.
Compared to the corresponding month in the previous fiscal year, the cap shows a whopping 272% growth, the SEO said.
Market cap is the market value of a publicly traded company's outstanding shares. It is calculated by multiplying the number of shares outstanding by the current market price of one share.
Iran’s four bourses includes Tehran Stock Exchange, Iran Fara Bourse (the junior equity market), Iran Mercantile Exchange and Iran Energy Exchange.
As expected, the TSE was the top performer with a market cap of 26,167 trillion rials ($163.5b) compared to 18,959 trillion rials ($118b) a month before to post 38% monthly growth.
IFB was the second best performer as its market value reached 8,986 trillion rials ($56b) during the month posting a 26% monthly growth.
The market cap for IRENEX was 48.18 trillion rials, up 3.36% compared with figures reported a month earlier. IRENEX is a commodity exchange in which physical energy carriers (oil, gas, electricity) and commodity based securities are offered.
IME performed poorly during the month as its market cap dropped 1% to reach 13.31 trillion rials. Founded in 2006, the IME is an exchange market in Tehran where agricultural, industrial and petrochemical products are traded in the spot and futures markets.
Value of trade conducted by the four bourses reached 1,709 trillion rials ($10b) during the month to April 19, down 5.9% compared to a month before.
Decline in trade value could be attributed to fewer trading sessions and market closures in the month under review due to the Nowruz (Persian New Year) holidays.
The main TSE index, TEDPIX, rose 34.5% during the month to April 19 and stood at 690,000 points, rising from 512,900 points a month earlier. IFX, the main index of IFB, stood at 8,538 points to register 30% growth.
It merits mention that both indices have grown dramatically in the ongoing calendar month (starting April 20). TEDPIX on Saturday climbed above the critical 1,000,000 points.